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Home Books 8-4-4 Personal Finance and Investment ISLAMIC FINANCIAL SYSTEM: PRINCIPLES AND OPERATIONS
Corridors of Silence KShs1,901.00 KShs999.00
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False Light: Discerning The Shadows of Our Time KShs1,000.00

ISLAMIC FINANCIAL SYSTEM: PRINCIPLES AND OPERATIONS

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Nuria Ranking: #17 in Personal Finance and Investment

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The Islamic financial system operates on Shari’ah principles, prohibiting interest (Riba), excessive uncertainty (Gharar), and gambling (Maysir) while promoting risk-sharing, asset-backed transactions, and ethical, socially responsible investing. Operations involve profit-and-loss sharing (Mudharabah/Musharakah), trade-based financing (Murabahah), and leasing (Ijarah), focusing on economic justice and real economic activities.

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Category: Personal Finance and Investment Tags: Academic Books, Finance, Islam
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This edition also offers greater clarity by providing clearer explanations, illustrations, and examples. The 2nd edition also provides updated information which is very important for the fast changing global Islamic finance industry. Overall around 40% of the content has been revised in the 2nd edition. For a number of chapters like the chapter on equity market, accounting, etc., the update is significant. “This textbook is a representation of the continuous and relentless commitment by the International Shari’ah Research Academy for Islamic Finance (ISRA) to enhance the talent pool of the Islamic financial services industry and to enrich its academic resources.”

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